China Cuts Banks' Reserve Ratio

TODAY: April 20, 2015 PUB DATE: April 20, 2015

BEIJING--China's central bank is considering taking a page from Europe's financial-crisis handbook to free up more credit as growth in the world's second-largest economy slows. The proposed strategy would allow Chinese banks to swap local-government bailout bonds for cash as ...

ECB's Draghi Rejects Talk of Greek Exit

TODAY: April 20, 2015 PUB DATE: April 20, 2015

WASHINGTON--European Central Bank President Mario Draghi on Saturday rejected speculation that Greece may be forced to abandon the euro, reiterating that Europe's single currency is irrevocable. At a news conference during meetings here of the world's top finance officials Mr. ...

Raytheon Sets Up Big Cyber Venture

TODAY: April 20, 2015 PUB DATE: April 20, 2015

(FROM THE WALL STREET JOURNAL 4/20/15) By Doug Cameron Raytheon Co. is betting it can leverage the cybersecurity skills it honed for the U.S. military and intelligence agencies to sell to banks and retailers, investing almost $1.7 billion to establish ...

European Stocks Recover From Fierce Selloff

TODAY: April 20, 2015 PUB DATE: April 20, 2015

By Josie Cox European stocks rose in early trade Monday, partially recovering from a fierce selloff at the end of last week, helped by the Chinese central bank announcing plans to stimulate growth. In early trade, the Stoxx Europe 600 ...

Eurozone Construction Falls Sharply

TODAY: April 20, 2015 PUB DATE: April 20, 2015

Construction in the eurozone fell sharply in February, an indication that despite signs of an accelerating economic recovery, businesses and households are still wary of making new investments. The European Union's statistics agency said Monday that construction fell 1.8% from ...

China's PBOC to Inject Over $60 Billion Into Two State Banks

TODAY: April 20, 2015 PUB DATE: April 20, 2015

BEIJING--China's central bank was set to inject more than $60 billion from nation's foreign-exchange reserves into two state policy banks, Caixin magazine reported Monday. The local business publication, citing unnamed sources, said the People's Bank of China would inject $32 ...

Polish Industrial Output Accelerates in March

TODAY: April 20, 2015 PUB DATE: April 20, 2015

WARSAW--Poland's industrial output growth accelerated more than expected in March driven by export-oriented industries such as automotive and electronics. Output rose at an annual rate of 8.8% in March after a 4.9% rise in February, Poland's statistics office said Monday, ...

Norway Fund Buys Stake in U.S. Properties For $2.3 Billion

TODAY: April 20, 2015 PUB DATE: April 20, 2015

By Dominic Chopping Norway's sovereign-wealth fund is continuing its push into real estate after buying a 45% stake in a U.S. industrial portfolio for $2.3 billion, it said late Sunday. The $887 billion Government Pension Fund of Norway, the world's ...

Cirque du Soleil Being Sold to Private-Equity Group

TODAY: April 20, 2015 PUB DATE: April 20, 2015

Cirque du Soleil said Monday that its founder has agreed to sell his controlling stake in the Canadian circus company to an investor group led by U.S. private-equity firm TPG. Founder Guy Laliberté will maintain an unspecified stake in the ...

Europe Stocks Rise in Early Trade -- 3rd Update

TODAY: April 20, 2015 PUB DATE: April 20, 2015

By Josie Cox European stocks rose Monday, partially recovering from a fierce selloff at the end of last week, helped by the Chinese central bank announcing plans to stimulate growth. The Stoxx Europe 600 rose 0.7% on the day at ...

GE in Talks to Sell U.S. Commercial Lending Business -- Update

TODAY: April 20, 2015 PUB DATE: April 20, 2015

By Ted Mann, Emily Glazer and Dana Mattioli General Electric Co. is in talks to sell its biggest lending operation--a $74 billion unit that makes loans to midsize U.S. businesses--as the conglomerate moves quickly to dismantle what was one of ...

Canadian National Railway Profit Rises on Robust Volumes

TODAY: April 20, 2015 PUB DATE: April 20, 2015

By Carolyn King Canadian National Railway Co. said Monday that its first-quarter profit was higher than a year earlier as strong freight volumes, easier winter weather and a lower Canadian dollar boosted results. The Montreal railroad operator earned 704 million ...

China Cuts Banks' Reserve Ratio -- 2nd Update

TODAY: April 20, 2015 PUB DATE: April 20, 2015

By Lingling Wei BEIJING--China's central bank is considering taking a page from Europe's financial-crisis handbook to free up more credit as growth in the world's second-largest economy slows. The proposed strategy would allow Chinese banks to swap local-government bailout bonds ...

Prologis to Buy KTR for $5.9 Billion

TODAY: April 20, 2015 PUB DATE: April 20, 2015

Prologis Inc., a big owner of warehouses and distribution centers, agreed to buy industrial-property owner KTR Capital Partners for $5.9 billion, in one of the largest real-estate deals so far this year. Prologis said in a statement that it would ...

Japan, Australia Stocks Slump on China Moves

TODAY: April 20, 2015 PUB DATE: April 20, 2015

Stocks in Japan and Australia fell early Monday after China introduced a number of market-moving measures, including a cut to the amount of reserves Chinese commercial banks are required to hold. The Nikkei Stock Average was down 0.4% to 19,569.89 ...

European Stocks Recover From Fierce Selloff

TODAY: April 20, 2015 PUB DATE: April 20, 2015

European stocks rose in early trade Monday, partially recovering from a fierce selloff at the end of last week, helped by the Chinese central bank announcing plans to stimulate growth. In early trade, the Stoxx Europe 600 rose 0.7% to ...

Oil Futures Gain on China Central Bank's Move

TODAY: April 20, 2015 PUB DATE: April 20, 2015

By Eric Yep Crude-oil futures rose in Asian trade Monday after China announced a surprise cut in banks' reserve requirements over the weekend. On the New York Mercantile Exchange, light, sweet crude futures for delivery in May traded at $56.45 ...

Oil Prices Rise as China Announces Fresh Economic Stimulus

TODAY: April 20, 2015 PUB DATE: April 20, 2015

By Georgi Kantchev LONDON--Oil prices rose on Monday after China announced fresh economic stimulus but analysts remained cautious about the recent strength in oil markets. Brent crude for delivery in June rose 0.6% to $63.82 a barrel on London's ICE ...